Management Organizational Stakeholders Organizational Stakeholders Essay

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Types of responsibilities an organization has to stakeholders

This article is subject to the responsibilities that the organization has towards the stakeholders. They include both external and internal stakeholders. Internal stakeholders refer to the shareholders who are the management and employees. External stakeholders refer to the community, credit competitors, suppliers and consumers. The employees are considered significant stakeholders. The employees remain in a subservient position in the organization regardless of the fact that they provide the necessary labor. Regarding this fact, state and federal laws have been put in place to govern the rights of employees and ensure that they are fairly compensated and treated with respect. The employment laws provides for 8 rights of the employee. They include the freedom of voicing concerns without retaliation from the employer, medical and family leave, non-discriminatory hiring, benefits of unemployment, safe working environment, and equal compensation regardless of gender, minimum wage and the ability to organize. Cases of employment law are discussed upon with regard to the equity principles.

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The equity principles and ethics usually allow the court to precede interpretation of the aspects of the case before clouding a judgment although the law code of employment gives the necessary overview for analyzing the law situations. Shareholders are a significant component of the business, because they hold a primary stake in the business. The responsibilities of the organization of the stakeholders are: protecting the assets of the shareholder, giving the relevant information, just investment returns and providing professional management. The responsibilities of the organization towards the employee include provision of equal opportunities, giving room for suggestions and complaints, maintaining honest and open communication and good working conditions. The management of a business performs a significant function in scaling the various claims of stakeholders. Consequently, the duty of the management includes sustaining relationships that are healthy between the stakeholders. The responsibilities of the organization to the consumer include fair customer treatment, provision of prompt service and….....

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"Management Organizational Stakeholders Organizational Stakeholders" (2013, May 17) Retrieved June 26, 2025, from
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"Management Organizational Stakeholders Organizational Stakeholders", 17 May 2013, Accessed.26 June. 2025,
https://www.aceyourpaper.com/essays/management-organizational-stakeholders-organizational-90484